Archive for August 9th, 2016

Central Bank Watch

Reserve Bank of India Keeps Existing Policy Settings

August 9, 2016

A statement¬†released after the third bi-monthly policy review retained the repo rate at 6.0%, the reverse repo at 6.0%, and the cash reserve requirement at 4%. This was the final meeting led by Governor Raghuram Rajan, who completes his 3-year term next month. Some concern is expressed about the potential for rising core inflation in […] More

New Overnight Developments Abroad - Daily Update

Sterling Sinks Below $1.3000 to Monthly Low

August 9, 2016

Sovereign debt prices rose. So did stocks, oil, the yen and dollar. ¬†Gold and industrial metal prices fell. There are holidays today in Singapore and South Africa. Today is the ninth anniversary of the onset of the U.S. subprime mortgage crisis and the 42nd anniversary of the resignation of former President Nixon. The dollar dipped […] More

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